The Goodwins sold their £2mn house in Parsons Green to move into a £1.3mn apartment in a luxury retirement block in Fulham, a decision that surprised friends but fits the comforts of a concierge‑run building. Their flat is part of the Riverstone developments, backed by Goldman Sachs Asset Management. Riverstone opened in 2022 and now plans a third site in Hampstead, offering three‑bedroom penthouses from £5.3mn.

Life at Riverstone Fulham differs from conventional retirement homes. The building hosts a restaurant, pool, gym, cinema and 25 staff, including two nurses and a physiologist. Residents pay a monthly “membership fee” (about £1,600 for a two‑bedroom unit) and a “deferred fee” of 28–30 % of the resale price, which can be reduced by accepting a higher, faster‑accumulating fee capped at 35 %. The Goodwins chose the higher rate, halving their monthly payments.

The model targets London’s affluent seniors, with an estimated £1 tn of housing wealth held by those over 60. Investors such as Oaktree Capital Management and the consultancy Savills see a large market, but resale values and market acceptance remain uncertain. Riverstone aims to reach full occupancy and build waiting lists, though the average resident spends a year from inquiry to move‑in.